OPEC and Russia will pump more oil in January despite price plunge
CNN
Saudi Arabia, Russia and other leading oil producers have decided to stick with plans to increase supply in January despite a recent plunge in prices driven by fears of a new glut.
The agreement was reached Thursday at a meeting of the Organization of the Petroleum Exporting Countries (OPEC) and key allies, known as OPEC+. Global oil prices have fallen more than 20% since late October.
Brent crude futures, the global benchmark, had soared about 70% since the beginning of the year, but began falling in November when the United States and other major oil consuming nations agreed to release millions of barrels from their strategic reserves to try to cool gasoline prices and prevent a further boost to inflation.
Speaker Mike Johnson is being lobbied by his members to raise the threshold required to trigger the procedure to oust the speaker, according to multiple GOP sources – a move that would help ensure the Louisiana Republican can pass foreign aid bills and still keep his job without needing to rely on Democrats to bail him out.
President Joe Biden will receive the formal endorsement of more than a dozen members of the extended Kennedy family on Thursday, according to the Biden campaign, aiming to harness the legacy of a storied Democratic family while implicitly underscoring their near-universal rejection of a third-party challenge mounted by one of their own, Robert F. Kennedy Jr.
Bryan Kohberger, who is accused of killing four University of Idaho students in November 2022, was out driving west of Moscow, Idaho, the night of the slayings, his attorney says, and the defense plans to offer a cell phone tower and radio frequency expert to partially corroborate this account, a court document supporting an alibi defense filed Wednesday shows.